Question: An annual payment bond has a 6 percent required return. Interest rates are projected to fall 72 basis points. If the bond's duration is 11

An annual payment bond has a 6 percent required return. Interest rates are projected to fall 72 basis points. If the bond's duration is 11 years, what is the percentage change in bonds price? (write your answer in % and round it to 2 decimal places)

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